DETROIT — Guardhat, developer of a smart hard hat that monitors worker safety and health in industrial settings, announced it had closed a $20 million Series A funding round. The round was led by RTP Ventures, a New York City-based subsidiary of a Moscow, Russia-based venture capital firm, RuNet Holdings Ltd.. The round was joined
LANSING - More than 800 businesses, educators and community organizations have committed to pursuing Marshall Plan for Talent grants, Gov. Rick Snyder announced Thursday. These entities have applied to be considered for the first round of Innovation Grants under the $100 million Marshall Plan for Talent investment. The first step in the Marshall Plan for
WARREN - Winning Futures announced a two-year $150,000 grant award from the Vera and Joseph Dresner Foundation to support implementing Workforce Prep - an in-school mentoring and leadership skills program for challenged high school students. This program addresses the critical need to better prepare students for life after high school and empower them with the
ROYAL OAK - Lisa Vallee-Smith, the co-founder of Airfoil Communications, has reorganized her 18-year old PR agency under a holding company that she will lead. Vallee-Smith will now serve as CEO of Airfoil Group, overseeing the business strategy for both Airfoil Communications and Airfoil Digital. Twelve-year Airfoil veteran Keith Donovan, former senior vice president, steps
SOUTHFIELD - DENSO Corporation subsidiary NSITEXE, a developer of key semiconductor components enabling automated driving, announced it has invested $65 million in ThinCI Inc., an Artificial Intelligence hardware startup developing computing platforms. ThinCI’s programmable computing architecture can accelerate deep learning, AI and other algorithms relevant to the automotive industry and will provide somewhere around 5
GRAND RAPIDS — Auxo Investment Partners closed fundraising for its first fund after netting $50 million from family offices and institutional investors. The close last week enables Auxo’s partners to focus solely on seeking and vetting investment prospects. The Grand Rapids-based private equity firm expects to invest in 10 to 15 companies over the next three years
DETROIT – Toma Detroit will serve fresh, locally sourced simple yet sophisticated cocktails and foods from Latin America with the help of a $50,000 cash prize the founders won Thursday night in the 2018 Comerica Hatch Detroit Contest presented by Bedrock. The annual contest supports brick and mortar business growth in Detroit, Highland Park and
ANN ARBOR – Nominees for Exit of the Year, Community Impact Player, and Up-and-Coming Company of the Year were named Monday by the Michigan Venture Capital Association and the envelopes containing the winners' names will be presented Oct. 2 during the MVCA Annual Awards Dinner at the Eastern Market. The Keynote address will be provided
Pictured above, Nezaa Bandele – Paradise Natural Foods. DETROIT – The public has spoken and Friday Hatch Detroit announced the four finalists who will advance to the final round of the 2018 Comerica Hatch Detroit Contest presented by Bedrock. These four entrepreneurs are competing to win $50,000 from Comerica Bank and more than $200,000 in pro
DETROIT – Ten retail concepts have made the semi finals of the Hatch Detroit Contest where one will win $50,000 in cash and $200,000 in pro bono support to found a brick and mortar business in Detroit, Highland Park or Hamtramck. Now the contest will turn to the public to cast their vote and help
